The World Market for Salts & Flavored Salts (2019-2024): Key Players are K+S Aktiengesellschaft, Tata Chemicals, Zoutman, Nouryon, and McCormick & Company - ResearchAndMarkets.com

The "The
World Market for Salts & Flavored Salts (2019-2024)" report
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The global salts and flavored salts market is forecasted to reach USD
2.4 billion by 2024 growing at a CAGR of 3.83% during the forecast
period (2019-2024).

• The market is dynamic and highly fragmented, with the presence of
  numerous small and domestic players occupying major chunk of the
  global market share.
• The flavored salts market is influenced directly by the trends in the
  food industry, particularly the fast food and meat industries.
• Flavored salt is no different than regular table salt, except that it
  contains other herbs and spices to provide more complex flavors. The
  market is considered a recession-proof market as consumers can use
  flavored salts for home cooking as well.

Key Market Trends

Increase in Seasoned & Flavoring Salt Demand

Consumers trying to get more creative with cooking and experiment beyond
traditional pairings, are opting for flavored salts. The flavored salts
are resulting in a flavor concoction that is more impactful than a
seasoning blend. The increasing demand for foreign cuisines, such as
Italian and French food, among consumers in emerging economies, due to
rising westernization trends, has led to an increased usage of flavored
salts. Consumers are purchasing seasoned and flavored salts from online
channels, including company websites, such as The Meadow and third party
sellers, like Amazon, due to the availability and accessibility of
different varieties of the salts. The growing demand for hot and spicy
fast food among young consumers have enabled food service restaurants to
use flavored salts such as jalapeno salts in the regional processed
meals.

Asia-Pacific - the Largest as well as the Fastest Growing Region

China Salt Industry Group Co., Ltd (former China National Salt Industry
Corporation) controls a major market share and production of edible salt
in the country. It is the largest salt enterprise in Asia and
second-largest in the world, with the production of 18 million metric
ton of various salt products, in 2017. The Japanese consumers do not use
a huge amount of spices or seasonings in their food, despite their love
and appreciation for food, thus, natural sea salts that are made by
boiling down Japanese sea water are preferred by the consumers in the
country. For instance, The Salt Industry Center of Japan is a public
foundation involved actively in performing investigative research on
salt and supplying household cooking salt with 99% sodium content in the
country.

Competitive Landscape

The salts and flavored salts market is fragmented, with small-scale
manufacturers contributing a significant share to the market. Key
players in the global salts and flavored salts market adopt key
strategies, such as business expansions, product innovations, followed
by partnerships and mergers and acquisitions. The most active companies
in the market include key players, such as K+S Aktiengesellschaft, Tata
Chemicals, Zoutman, Nouryon, and McCormick & Company, among others.

Key Topics Covered

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

3.1 Market Overview

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Porters Five Forces Analysis

5 MARKET SEGMENTATION

5.1 By Type

5.1.1 Table Salt

5.1.2 Seasoned Salt

5.1.3 Flavored Salt

5.1.3.1 Truffle Salt

5.1.3.2 Garlic Salt

5.1.4 Lime and Lemon Salt

5.1.5 Smoked Salt

5.1.6 Jalapeno Salt

5.1.7 Other Flavored Salts

5.2 By Distribution Channel

5.2.1 Supermarket/Hypermarket

5.2.2 Convenience Stores

5.2.3 Departmental Stores

5.2.4 Other Distribution Channels

5.3 Geography

5.3.1 North America

5.3.1.1 United States

5.3.1.2 Canada

5.3.1.3 Mexico

5.3.1.4 Rest of North America

5.3.2 Europe

5.3.2.1 Germany

5.3.2.2 United Kingdom

5.3.2.3 France

5.3.2.4 Russia

5.3.2.5 Italy

5.3.2.6 Spain

5.3.2.7 Rest of Europe

5.3.3 Asia-Pacific

5.3.3.1 India

5.3.3.2 China

5.3.3.3 Australia

5.3.3.4 Japan

5.3.3.5 Rest of Asia-Pacific

5.3.4 South America

5.3.4.1 Brazil

5.3.4.2 Argentina

5.3.4.3 Rest of South America

5.3.5 Middle East & Africa

5.3.5.1 South Africa

5.3.5.2 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Strategies Adopted by Leading Players

6.2 Market Share Analysis

6.3 Company Profiles

6.3.1 K+S AG

6.3.2 Akzo Nobel N.V.

6.3.3 Tata Chemicals

6.3.4 McCormick & Company Inc.

6.3.5 United Salt Corporation

6.3.6 Ajinomoto Co. Inc.

6.3.7 Saltworks Inc.

6.3.8 Infosa

6.3.9 Cornish Sea Salt

6.3.10 ITC Ltd.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/9ze7jn

View source version on businesswire.com: https://www.businesswire.com/news/home/20190523005356/en/